State of Play: U.S., China
MarketFoolery
The Motley Fool
4.7 • 1.7K Ratings
🗓️ 7 January 2021
⏱️ 16 minutes
🧾️ Download transcript
Summary
Mere hours after an insurrection at the U.S. Capitol Building, democracy won the day. Bill Mann and Chris Hill discuss the stock market’s rise in the aftermath of Wednesday’s events, whether Chinese stocks will be delisted, and the current whereabouts of Alibaba founder Jack Ma. Plus, Bill shares why he would choose South Africa for his ambassador post.
Transcript
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| 0:00.0 | It's Thursday, January 7th. Welcome to Market Fullry. I'm Chris Hill joining me today. Bill Mann, good to see you my friend. |
| 0:10.0 | You know, Chris, I made a comment earlier that this is the most optimistic that I felt in a long time. |
| 0:16.2 | And I really think that we need to declare that today is actually January 1, 2021. |
| 0:23.0 | Yesterday was the end of 2020. |
| 0:26.0 | I would, yeah, I could see that happening. |
| 0:29.0 | Yeah, I don't care what the calendar says, |
| 0:32.0 | but yesterday was a hard terrible day we are here in the |
| 0:36.9 | suburbs of Washington DC and so you know it was it was not only international news. It was local news for us and we both have spent a lot of time down on the capital and |
| 0:51.3 | I am I am hopeful for today that we have turned the page. |
| 0:57.1 | As am I. |
| 0:58.6 | We're gonna get to that in a second. |
| 1:00.8 | We're also gonna talk about China and Bill's going to tell me where |
| 1:05.2 | jackma is because I don't know where he is but let me let me just start by |
| 1:09.8 | time stamping this because this was this was something that came up yesterday. |
| 1:14.8 | We typically do this show between 1130 a.m. and 12 noon Eastern. |
| 1:20.6 | And so that's why on the yesterday show, Bill Barker and I sort of blithely went about our business and made no mention of what was happening at the U.S. Capitol building, because nothing at that point was happening at the U.S. |
| 1:33.1 | capital building. And for anyone feeling unsettled by the events of the last 24 hours, |
| 1:40.8 | you're absolutely not alone. Watching the insurrection at the U.S. Capital |
| 1:47.7 | building. That's a building I worked in for six years and I have friends and former colleagues who are still there and I was horrified |
| 1:56.1 | by the scene and I was scared for their safety and yet like you Bill I take comfort in the fact that when all was said and done, democracy won the day. |
| 2:08.0 | The mob lost, democracy won the day, and America moves on. |
| 2:12.0 | And by the way, the NASDAQ's hitting at all time high and I think that's part of the you know that's that's I mean we can get to the disconnect between the market and and real world events in a second, but I think that's emblematic of the |
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